Bankruptcy: What Is Automatic Stay And How Does It Protect You From Creditors
The moment that a petition for bankruptcy is filed, U.S. Bankruptcy Code imposes something called an automatic stay. The automatic stay will generally prevent the enforcement, commencement, or appeal of actions and judgments against a debtor from the creditors they owe money to who are trying to collect these debts incurred prior to the bankruptcy petition. The automatic stay also protects property of the bankruptcy estate itself from collection actions and proceedings.
Phony Debt Consolidation Schemes To Be On The Lookout For Part Two
In part one in these series of articles I wrote about potentially shady debt consolidation schemes that you should be on the lookout for. Read on to find out more:....
Divorce And Bankruptcy- Making The Best Of A Stressful Situation
Divorce, coupled with bankruptcy can pose serious problems for those involved. When a married couple who no longer wishes to remain together have debts piling up and are heading for divorce, bankruptcy might be one way to sort out the financial issues. Bankruptcy has the capacity to be filed by just one spouse, or jointly. The effects of bankruptcy on divorce proceedings? Abrupt at best. An automatic stay will put an end to all activities on divorce proceedings.
Categories: Finance Tags: business debt recovery, cash for settlement, Finance
The Collections Industry Today
The collections industry has grown quite large in the past couple of years. The reason for this is that collections and recoveries are typically outsourced business functions. It would be unthinkable for a creditor to try to handle retrieving debt from all of their accounts, so the creditors call upon the collections agencies.
Categories: Uncategorized Tags: action collection agency, bcr collection agency, bill collection agency, Business, business collection agency, cash for settlement, collect debt, collection agent, collection services, comercial debt collection, credit collection, debt collection, debt collection lawyer
Quick Calculations Might Bail You Out Of Debt
With all types of debts, accounts, and interest rates all hitting you at once, your financial situation can very well seem intimidating. But if you follow this program you will find that there is an effective and safe way to manage your money.